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May 18, 2012
05/12
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>> i mean, it is pretty crazy. >> and mark zuckerberg may even get richer. ebook eventually goes public, it's market value could be more than $100 billion. in april of 2011, the winklevoss twins lost their appeal of the lawsuit against zuckerberg, and their 2008 settlement still stands. [ticking] [bluesy guitar music] ♪ coming up, we meet another silicon valley billionaire: microsoft's paul allen. >> you built this building. >> it's amazing to think, back then, nobody had personal computers. i mean, there were computers in universities and research labs and in corporations, but nobody had personal computers. [keys clacking] >> the cofounder, when 60 minutes on cnbc returns. [ticking] what happens when classroom teachers get the training... ...and support they need? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and astronaut sally ride's science academy are helping our educators improve student success in math and science. let's shoot for the stars. let's invest in our teachers and inspire
>> i mean, it is pretty crazy. >> and mark zuckerberg may even get richer. ebook eventually goes public, it's market value could be more than $100 billion. in april of 2011, the winklevoss twins lost their appeal of the lawsuit against zuckerberg, and their 2008 settlement still stands. [ticking] [bluesy guitar music] ♪ coming up, we meet another silicon valley billionaire: microsoft's paul allen. >> you built this building. >> it's amazing to think, back then, nobody...
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May 18, 2012
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the biggest payout will be for co-founder mark zuckerberg.started this company as a 19-year-old harvard student. he's expected to sell just a portion of his shares today for more than a billion dollars if you average out all the shares among the employees here at facebook, the average employee will have shares worth 2.9 million dollars. let that figure sink in for a minute while you sip on that coffee. we asked a text expert who has been watching closely, what he thinks about the staying power? he is impressed. >>> they've got almost a billion eyeballs and in the two years that we've been working closely with their prefered marketing development team, they've definitely matured their understanding of how facebook is going to be a premiere digital marketing experience. i have every confidence in the world, i'm betting my career >> reporter: are you investing? >> that's up to my wife. i'm saying yes. beg, borrow and steal to get as much as we can out of this facebook ipo. we'll see what she says. >> reporter: here are pictures of how future mil
the biggest payout will be for co-founder mark zuckerberg.started this company as a 19-year-old harvard student. he's expected to sell just a portion of his shares today for more than a billion dollars if you average out all the shares among the employees here at facebook, the average employee will have shares worth 2.9 million dollars. let that figure sink in for a minute while you sip on that coffee. we asked a text expert who has been watching closely, what he thinks about the staying power?...
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May 19, 2012
05/12
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CNN
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i want to ask you about cult of mark zuckerberg and what happens there in menlo park. he's one of the world's wealthiest people now. you wouldn't know this if you met him on the street. the company issue hoodie. zuckerberg expects that same low key attitude for employees. peer pressure indicates consumption be kept on the down low. it is understood facebook employees and friends and mr. zuckerberg would find it uncool for one of his underlings to drive a lamborghini in the office. they shouldn't expect orders from conspicuous consumption in silicon valley from the newly rich. is it true there's this culture around this of not flaunting newfound wealth. >> i would say that's not just a facebook thing but silicon valley thing. silicon valley has always been a place though there's a lot of wealth created, people try to behave in a more humble, slightly more -- >> why do you think? why do you think? >> it's not entertainment. it's technology. >> it's not wall street. >> lamborghini and condominiums. >> the car dealers in the tri-state area goes nuts when something happens h
i want to ask you about cult of mark zuckerberg and what happens there in menlo park. he's one of the world's wealthiest people now. you wouldn't know this if you met him on the street. the company issue hoodie. zuckerberg expects that same low key attitude for employees. peer pressure indicates consumption be kept on the down low. it is understood facebook employees and friends and mr. zuckerberg would find it uncool for one of his underlings to drive a lamborghini in the office. they...
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May 20, 2012
05/12
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turns out mark zuckerberg is red/green color-blind. vargas that blue is the richest color for me. i can see all of blue. he can't see green, but that doesn't mean he's not turned down a lot of green. four months after the facebook.com launch in 2004, zuckerberg then 20 years old turned down a $10 million offer for the company. that's according to the book "the facebook effect" by kirkpatrick. >> maybe he could take some money and buy new clothes. but did you know mark's famous hoodie hides this secret. >> it's a company hoodie. we print our mission on the inside. >> what? oh, my god, the inside of the hoodie, everybody. take a moment. what is it? making the -- >> making the world more connected. >> they had a conference, and there he was taking off the hoodie. she's like, what's inside? turns out it is the company moto inside. and it is company issued. some people were disappointed. i say generation x and above were disappointed when he went down the road show and was wearing the hoodie. >> the bottom line is, you know what i think abo
turns out mark zuckerberg is red/green color-blind. vargas that blue is the richest color for me. i can see all of blue. he can't see green, but that doesn't mean he's not turned down a lot of green. four months after the facebook.com launch in 2004, zuckerberg then 20 years old turned down a $10 million offer for the company. that's according to the book "the facebook effect" by kirkpatrick. >> maybe he could take some money and buy new clothes. but did you know mark's famous...
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May 18, 2012
05/12
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mark zuckerberg expect to speak. we e, as well.aw well. [ male announcer ] olympic tennis players bob and mike bryan do a lot of sending... and receiving. sending...and receiving. sending...and receiving. sending...and receiving. sending...and receiving. [ bob ] i got the tickets. [ male announcer ] and with citibank popmoney, it's even easier to keep sending...and receiving. let me get you back. no, it's on me. i insist. no way. yes way. well let me chip in. [ male announcer ] send money from one bank account to another, with citibank popmoney. easier banking. every step of the way. >>> welcome back, everyone. and a good friday morning to you. our chopper flying high over facebook headquarters this morning where we are really seeing the crowds gather there. that's because they're going to ring the opening bell remotely this morning as facebook finally ipo, set at $38, mark zuckerberg expected to speak. we'll have the greatest, latest coverage at 6:15 right now. >>> and one of the bay area's most popular events is ta
mark zuckerberg expect to speak. we e, as well.aw well. [ male announcer ] olympic tennis players bob and mike bryan do a lot of sending... and receiving. sending...and receiving. sending...and receiving. sending...and receiving. sending...and receiving. [ bob ] i got the tickets. [ male announcer ] and with citibank popmoney, it's even easier to keep sending...and receiving. let me get you back. no, it's on me. i insist. no way. yes way. well let me chip in. [ male announcer ] send money from...
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May 18, 2012
05/12
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mark zuckerberg, instantly wealthy. wealthy person in the world, surpassing the google founders. 503 million shares. facebook is not yet trading. typically you see the ipo " live around 8:00 a.m.. clearly wall street is very interested in this story. yahoo also provided a big surge after all things digital reported. could be worth several billion dollars for yahoo which could then use that money to buy back shares and help their stocks rally which has languished for several years. also h-p, sun reports yesterday laid off between 25,035 thousand employees. the stock market reacted somewhat positively to that news as hewlett-packard is pretty flat right now. the market itself right now, the facebook anticipation driving it a little bit of a huge concerns in europe that are straining that. right now the dow up by 16 points. the nasdaq down by one and the s&p up by three. a couple of companies reporting earnings. yahoo right now gaining 5%. back to you guys. >> have a great weekend. >> the social media giant facebook made a
mark zuckerberg, instantly wealthy. wealthy person in the world, surpassing the google founders. 503 million shares. facebook is not yet trading. typically you see the ipo " live around 8:00 a.m.. clearly wall street is very interested in this story. yahoo also provided a big surge after all things digital reported. could be worth several billion dollars for yahoo which could then use that money to buy back shares and help their stocks rally which has languished for several years. also...
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May 18, 2012
05/12
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mark zuckerberg is going to have to now answer to share holders. some experts say the company needs to figure out how to better sell advertising without alienating users who don't want to be bombarded with ads. i just talked with a professor, he does not have a crystal ball as to how the stock will perform but he does have insight into the company's future. >> ordinarily, i would say buyer beware in this case it is user beware. the user is not facebook's client, it is now going to be the investors who are going to pressure facebook's management to raise the bottom line. the only way they can do that is by charging for all the services they have. >> reporter: charging for services. he's talking about messaging. he calls that a potential likelihood. back to investing, studies show on a hot ipo like this it takes three days to see it maximum return maybe that will help investors feel better. back live at the big board you can see facebook shares still trading around $-- just under $41. the professor told me, buy low, sell high. >>> our coverage of the
mark zuckerberg is going to have to now answer to share holders. some experts say the company needs to figure out how to better sell advertising without alienating users who don't want to be bombarded with ads. i just talked with a professor, he does not have a crystal ball as to how the stock will perform but he does have insight into the company's future. >> ordinarily, i would say buyer beware in this case it is user beware. the user is not facebook's client, it is now going to be the...
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May 18, 2012
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mark zuckerberg is going to have to now answer to share holders. some experts say the company needs to figure out how to better sell advertising without alienating users who don't want to be bombarded with ads. i just talked with a professor, he does not have a crystal ball as to how the stock will perform but he does have insight into the company's future. >> ordinarily, i would say buyer beware in this case it is user beware. the user is not facebook's client, it is now going to be the investors who are going to pressure facebook's management to raise the bottom line. the only way they can do that is by charging for all the services they have. >> reporter: charging for services. he's talking about messaging. he calls that a potential likelihood. back to investing, studies show on a hot ipo like this it takes three days to see it maximum return maybe that will help investors feel better. back live at the big board you can see facebook shares still trading around $-- just under $41. the professor told me, buy low, sell high. >>> our coverage of the
mark zuckerberg is going to have to now answer to share holders. some experts say the company needs to figure out how to better sell advertising without alienating users who don't want to be bombarded with ads. i just talked with a professor, he does not have a crystal ball as to how the stock will perform but he does have insight into the company's future. >> ordinarily, i would say buyer beware in this case it is user beware. the user is not facebook's client, it is now going to be the...
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May 20, 2012
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and that is usually in the case of mark zuckerberg, it would be the top team. and we talked as if mark works by himself all day. and he is in a vacuum, but we know, chris cox, the head of engineers. there is a great board. i mean, they have an incredible board. and we can talk about if he changes in the first day, i don't know. but he can be effective, i think. >> sit better to have managers who are the masmartest guys in e room or the sanest guys? >> that is a trade off. is it possible to be brilliant and sane at the same time. and some cases, i think of the valley, the people who are incredibly skilled, sometimes so toe doesed, they don't have the best personal skills. and to me the question is -- i think you do need people like that. and maybe they are not the sanest people. but the answer, do you surround yourself with people who off-set your negative charactericsticha? because there maybe people who lose for your team. or at least the weaknesses are offset by others. >> is there a company -- i look at hewi hewitt packard. >> oh. >> no, what is -- their boar
and that is usually in the case of mark zuckerberg, it would be the top team. and we talked as if mark works by himself all day. and he is in a vacuum, but we know, chris cox, the head of engineers. there is a great board. i mean, they have an incredible board. and we can talk about if he changes in the first day, i don't know. but he can be effective, i think. >> sit better to have managers who are the masmartest guys in e room or the sanest guys? >> that is a trade off. is it...
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May 17, 2012
05/12
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the list could go on and on for mark zuckerberg's resume, leading many to ask does he have too much powerebook. >> so when facebook does go public tomorrow, as a 28-year-old, mr. zuckerberg becomes the leader of a company estimated at a $104 billion. still with us is john bellis, and josh brown from fusion analytics. also joining the conversation is steve weinstein from itg investment research. tom, i'll start with you. too much for him to handle or not? >> not at all. i think one main reason why the company is where it's at is because of mark zuckerberg. if you look at steve jobs or bill gates, they built huge companies they were in control. they were the visionaries. they were the commanders in chief of their vision. and that's why the companies got to that point. >> and josh, i know you agree. but it's one thing to run a company out of your dorm at harvard with a handful of other students and programmers. it's another thing to run a $100 billion company with millions of shareholders looking over your shoulder, don't you think? >> of course, but let's be realistic. who else do you want?
the list could go on and on for mark zuckerberg's resume, leading many to ask does he have too much powerebook. >> so when facebook does go public tomorrow, as a 28-year-old, mr. zuckerberg becomes the leader of a company estimated at a $104 billion. still with us is john bellis, and josh brown from fusion analytics. also joining the conversation is steve weinstein from itg investment research. tom, i'll start with you. too much for him to handle or not? >> not at all. i think one...
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we don't know when mark zuckerberg is going to allow the revenue people to take over and i don't think will ever risk diminishing the user experience. >> zuckerberg a teenager when he co-phoned facebook in 2004 and eight years later doesn't sound much like a ref thank you-delivering chief exec. >> facebook has this -- this mission that is more than trying to build a company it has a -- we are trying -- we are trying to do this thing in the world. >> this thing more than 104 billion dollars. some investors say not worth it. some say think twice before you buy. >>> they've shot for the moon they got the stars this particular ipo is the biggest pump and dump in history. >> i'm jane king. >>> san francisco police need your help to identify three bank robbers two work together the pair described as white males late 40s average height and weight the one on the right missing three fingers from his right hand and two from his left. the third suspect black male in his 40s average height and weight, last seen wearing a black curlly wig and eyeglasses they are believed -- responsible for several
we don't know when mark zuckerberg is going to allow the revenue people to take over and i don't think will ever risk diminishing the user experience. >> zuckerberg a teenager when he co-phoned facebook in 2004 and eight years later doesn't sound much like a ref thank you-delivering chief exec. >> facebook has this -- this mission that is more than trying to build a company it has a -- we are trying -- we are trying to do this thing in the world. >> this thing more than 104...
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May 18, 2012
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mark zuckerberg ringing that bell.he feeling felt out there on the nasdaq live from time square. look, they're even flashing shots of what's happening getting ready for the party from the west coast it's going to be a big one. >> we actually hope to hear from mark zuckerberg this
mark zuckerberg ringing that bell.he feeling felt out there on the nasdaq live from time square. look, they're even flashing shots of what's happening getting ready for the party from the west coast it's going to be a big one. >> we actually hope to hear from mark zuckerberg this
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May 12, 2012
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. >>> coming up next, what mark zuckerberg's hoodie is really telling wall street. is it a sign of immaturity or a change in the times? >>> and they serve their country but now they're struggling to pay the bills. the financial challenges many veterans are battling next. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the new 360 investing dashboard at e-trade. >>> facebook is set to go public this week in what could be the biggest ipo in history. investors and fans are all abuzz but should you buy facebook shares? maybe the better question is can you even buy facebook? suits, meet the hoodie. facebook's mark zuckerberg gets rock star treatm
. >>> coming up next, what mark zuckerberg's hoodie is really telling wall street. is it a sign of immaturity or a change in the times? >>> and they serve their country but now they're struggling to pay the bills. the financial challenges many veterans are battling next. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't...
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May 18, 2012
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you make a great point which is to say mark zuckerberg has been great manager and learned lessons, as well. the team zuckerberg has built facebook is pound for pound one of the two strongest management teams in the industry with the other being apple. this did not happen by accident. mark worked his way through it position by position. >> as a college kid, he did plenty of stupid things. facebook made plenty of mistakes but mark from the time he was 20, was told you want to run this company, you need ceo lessons. he assembled a group of advisers including steve jobs, warren buffett. he's become a great leader. >> ben, i want to bring you into this because you are the grand lion of an internet property and we're talking about -- >> i am? >> as it henry, of course. we're talking about the new economy and facebook's ipo could be the second largest in history behind only visa. facebook's ipo 16 billion. google at 1.7 billion. a lot of people have said yeah, yeah, but this is a castle built on sand. what's the real value of the company here? >> people who work in our industry feel that it
you make a great point which is to say mark zuckerberg has been great manager and learned lessons, as well. the team zuckerberg has built facebook is pound for pound one of the two strongest management teams in the industry with the other being apple. this did not happen by accident. mark worked his way through it position by position. >> as a college kid, he did plenty of stupid things. facebook made plenty of mistakes but mark from the time he was 20, was told you want to run this...
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May 18, 2012
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. >>> in less than a half hour mark zuckerberg will ring the opening bell. ktvu alex savidge is in menlo park with the largest initial public offering in tech history. >> reporter: at the end of its first day as a publicly traded company facebook could be worth $100 billion. the company staying quiet this morning ahead of the historic ipo. as you take a look behind us here the parking lot is full. anticipation is building here for facebook's market debut. a lot of activity here. ceo mark zuckerberg will be ringing the opening bell remotely later on in the morning. many employees here have been here all night. they spent the night doing something called a hack-a-thon where they write code throughout the fight. these employees are free to work on new projects. it's an effort to show investors that the company is committed to developing the new products. zuckerberg talked to employees and answered their questions. this ipo will make instand millionaires of about 1,000 of those employees. many wondering how high it may go. we pose that question to the director o
. >>> in less than a half hour mark zuckerberg will ring the opening bell. ktvu alex savidge is in menlo park with the largest initial public offering in tech history. >> reporter: at the end of its first day as a publicly traded company facebook could be worth $100 billion. the company staying quiet this morning ahead of the historic ipo. as you take a look behind us here the parking lot is full. anticipation is building here for facebook's market debut. a lot of activity here....
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the ceo status read " mark zuckerberg listed a company on nasdaq ". as of last checked the company had 400 likes. >> facebook employees joined him in the celebration this morning at the company's headquarters and to continue live team coverage with ann mackovic in menlo park. what is the mood like outside of the campus? >> it is actually pretty chill, there has been no announcements or public statements from anyone who works here at facebook and have kept a tight on the media coverage. but we know that employees can to work early to celebrate this ipo. >> the nasdaq opening bell rang at 6:30 a.m.. mark zuckerberg did the honors from facebook headquarters about 200 employees looked on, gathering in the menlo park campus as seen from chopper 25. and as cop worth of mark zuckerberg would soar to $90 billion, many of his employees became millionaires this morning as well. >> it is fun and exciting. he can take a picture of the facebook sign today, knows what it is like for facebook employees. he works for linked in which went public last year. >> it was a
the ceo status read " mark zuckerberg listed a company on nasdaq ". as of last checked the company had 400 likes. >> facebook employees joined him in the celebration this morning at the company's headquarters and to continue live team coverage with ann mackovic in menlo park. what is the mood like outside of the campus? >> it is actually pretty chill, there has been no announcements or public statements from anyone who works here at facebook and have kept a tight on the...
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May 12, 2012
05/12
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mark zuckerberg's name is never on a cap table. that's unlike virtually any other executive founder certainly in silicon valley. it shows me that he's laser focused on growing this business. and the second is, you know, i read yesterday about mark's influence in bing's redesign, integrating social into the search. he participates in the hackathons on facebook. it shows me he understands the product and where it's going. very different from yahoo! and other businesses that are available to investors. >> craig, thank you so much. it's interesting to me the one -- go ahead, ned. >> one comment. craig, i don't know if you were there or not. i know another inventor, and i would call mark an inventor. another inventor many years ago got laser vision on one particular product and drove the company right into the ground. that was something called dr. lamb back in polaroid when he came back with a polaroid camera. amazingly he's right. he drove that company into the ground because he spent so much on the product and couldn't make it work. >
mark zuckerberg's name is never on a cap table. that's unlike virtually any other executive founder certainly in silicon valley. it shows me that he's laser focused on growing this business. and the second is, you know, i read yesterday about mark's influence in bing's redesign, integrating social into the search. he participates in the hackathons on facebook. it shows me he understands the product and where it's going. very different from yahoo! and other businesses that are available to...
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May 18, 2012
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mark zuckerberg is planning to sell 30.2 million shares in that ipo offering. 1.1 billion, but he's not going to be hanging on to that cash. facebook said he he will use the substantial majority of those funds to cover the taxes. he will hold 503.6 million shares, that's more than 30% of the company. to shoot stake is worth 19.1 billion dollars. it's a huge deal. we're very excited over here at the nasdaq. you can see behind me that the facebook stock is not trading yet. it is still showing unchanged, still at $38. so we are waiting with baited breath to see where it will go, as -- yeah -- it and looks like we are starting trading right now, dave, breaking news here. we have facebook up 13.1%. it is now trading at $42.99. you can see behind me here. so we have some positive, some green activity. lots of excitement here. if you are watching it -- you are watching it live first, facebook just crossing trading on the nasdaq. >> wow, this is history, maribel, you took us right there. another question, we know this is an exciting day for facebook. how is this affecti
mark zuckerberg is planning to sell 30.2 million shares in that ipo offering. 1.1 billion, but he's not going to be hanging on to that cash. facebook said he he will use the substantial majority of those funds to cover the taxes. he will hold 503.6 million shares, that's more than 30% of the company. to shoot stake is worth 19.1 billion dollars. it's a huge deal. we're very excited over here at the nasdaq. you can see behind me that the facebook stock is not trading yet. it is still showing...
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May 24, 2012
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how mark zuckerberg new wife went incognito to buy her wedding dress. >> and where she bought addressthe first incredible images from outer space. we'll tell you what this video is showing. it will not believe that. >> looking nice outside, lots of sunshine and wind is kicking up, of the >> beer summit you have never seen it before. nasa capture these pictures of the sun's surface. a nasa admits there is no scientific value to the images but they are pretty cool to look at. >> pretty neat. no one more fascinated >> i am loving those shots and love in the weather we have been having. the wind is not that. transitioning into the summer. they're going to be whipping around the bay area. high-pressure trying to get in here but unfortunately not until the weekend so we have a few things to worry about if you are headed out. we could actually see some snow up here in the sierra nevada. that is sierra at all with the wind is blowing around but they could see a couple of snow flakes later on tonight and into tomorrow. we have a chance of some snow there. luckily we are talking about sunny ski
how mark zuckerberg new wife went incognito to buy her wedding dress. >> and where she bought addressthe first incredible images from outer space. we'll tell you what this video is showing. it will not believe that. >> looking nice outside, lots of sunshine and wind is kicking up, of the >> beer summit you have never seen it before. nasa capture these pictures of the sun's surface. a nasa admits there is no scientific value to the images but they are pretty cool to look at....
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May 18, 2012
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zuckerberg. she tweeted this to her younger brother yesterday. so proud of my brother on the eve of tech's biggest ipo. she adds a related note saying, hey, mark, now can you pay me that $10 i lent you for a lemonade stand? >> when you're big, you're big. and calling this one the zuckerberg musical. three women singing about the famed ceo's life on youtube. ♪ this is the dawning of the page that you share with us ♪ >> yeah. let her rip, ladies. not too bad. got that "glee" vibe. they put it to a funny twist on the social networking giant's history. from his beginnings at harvard university all the way until today's worldwide public offering. >> that's fun. >>> we're going to have continued coverage and live team coverage all morning including mark zuckerberg actually ringing the opening bell this morning from facebook headquarters in menlo park. >> and he'll be singing his own tune inside his head. 4:57 right now. coming up, funny man bill cosby will be in the bay area today. what's behind his special appearance. >>> this morning, the hottest topic in silicon valley, the social offering. facebook, it started as a project in a harvard dorm room
zuckerberg. she tweeted this to her younger brother yesterday. so proud of my brother on the eve of tech's biggest ipo. she adds a related note saying, hey, mark, now can you pay me that $10 i lent you for a lemonade stand? >> when you're big, you're big. and calling this one the zuckerberg musical. three women singing about the famed ceo's life on youtube. ♪ this is the dawning of the page that you share with us ♪ >> yeah. let her rip, ladies. not too bad. got that...
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it's hard to move into health care. >>> you the next mark zuckerberg. >> no, but the next mark zuckerbergill come through rock health absolutely. >> congrts and we will see you soon. >> thank you very much. >> it's time to reveal the winner of the call the close contest. drumroll, please. and the winner is, mark chung from new york city meat the closest call, two cents off of facebook's close at 38.23. thank you to everybody who participated. thank you very much for that. sticker shock at the podium. college graduates face student debt and my observation on the cost of higher education next. paying tribute to a punk robt tribute what would have been his 61st birthday tomorrow. tribute what would have been his 61st birthday tomorrow. ow. if you made a list of countries from around the world... ...with the best math scores. ...the united states would be on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. and then treats day after day... well, shoot, that's like checking on your burgers after they're burnt!
it's hard to move into health care. >>> you the next mark zuckerberg. >> no, but the next mark zuckerbergill come through rock health absolutely. >> congrts and we will see you soon. >> thank you very much. >> it's time to reveal the winner of the call the close contest. drumroll, please. and the winner is, mark chung from new york city meat the closest call, two cents off of facebook's close at 38.23. thank you to everybody who participated. thank you very much...
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May 13, 2012
05/12
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this is a bet on mark zuckerberg, period.nk most investors sort of generally have an illusion of control that they don't actually have with most companies. in this case, there's no illusion. he has 57% of the voting control. so anything he wants to do, he can do. you can scream. but that's it. as long as he listens your screaming and blow it off, they'll be fine. >> most retail investors are used to the idea, you're just betting on the success of the company. >> it's not really that different. i think to sort of bolster mark zuckerberg's view of this, he's seen a lot of companies ruined by ceos making short-term short-cuts to please wall street, by boost earnings, by firing people and cutting investment. he said, i don't want to ever be forced to have to do that. if you buy into the long-term vision, this could work out very well for you. >> henry, good to see you, as always.
this is a bet on mark zuckerberg, period.nk most investors sort of generally have an illusion of control that they don't actually have with most companies. in this case, there's no illusion. he has 57% of the voting control. so anything he wants to do, he can do. you can scream. but that's it. as long as he listens your screaming and blow it off, they'll be fine. >> most retail investors are used to the idea, you're just betting on the success of the company. >> it's not really that...
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May 18, 2012
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just like zinc up one the opening bell, mark zuckerberg will do the same from facebook company headquarters in menlo park tomorrow morning. marking their transition from a private to public company. facebook is expected to be worth around $104 billion. many of the employees will become instant millionaires, as for mark zuckerberg who famously started facebook in his dorm room at the age of 19, he stands to be worth $19 billion. that will make him wealthier than both of the co-founders of google. venture capitalists peter steele, the chairman of the board plans to sell shares to make $640 million. mike, runs a start up in palo alto. he believes that much of the money raised tomorrow will be plowed back into other start- ups. >> i see a lot of the rising of angel investing. a lot of these employees will give back to the community, perhaps funding other start-ups. >> this is an incubator for the next technology generation. >> definitely very inspiring for all of us. >> many today are hoping to be the next facebook. >> it gives you that extra motivation and drive that you need to maybe cram the
just like zinc up one the opening bell, mark zuckerberg will do the same from facebook company headquarters in menlo park tomorrow morning. marking their transition from a private to public company. facebook is expected to be worth around $104 billion. many of the employees will become instant millionaires, as for mark zuckerberg who famously started facebook in his dorm room at the age of 19, he stands to be worth $19 billion. that will make him wealthier than both of the co-founders of...
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May 14, 2012
05/12
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>> mark zuckerberg. >> what would you like to be identified?w did the company start? >> it didn't start as a company, i was a sophomore and harvard -- i never been really been asked how to company was started before. >> how did facebook start. >> i'm a little embarrassed. >> we do the sight as sort of an inspection directory, so you're better informed about what's going on around you. >> like bill gates and steve jobs before him, mark zuckerberg is one of those rare ceos whose pioneering -- >> in private, i think mark is a pretty entertaining engaging fellow who's got a lot of friends. >> author of the best selling book "the facebook effect." >> i think he's more private than he is in public. he would been on a stage, he would be mostly sitting at a computer coding because that's what he loves to do. >> do you see facebook as your dream job or a stepping tone to something else. >> i don't think know what my dream job would b but this is pretty cool. >> notice the newspapers on the desk. it was only six years ago, but this was prepre-iphone and
>> mark zuckerberg. >> what would you like to be identified?w did the company start? >> it didn't start as a company, i was a sophomore and harvard -- i never been really been asked how to company was started before. >> how did facebook start. >> i'm a little embarrassed. >> we do the sight as sort of an inspection directory, so you're better informed about what's going on around you. >> like bill gates and steve jobs before him, mark zuckerberg is one...
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May 21, 2012
05/12
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facebook founder mark zuckerberg, as one writer put it today, going from ipo to "i do." a day after his social networking empire went public, zuckerberg surprised even his closest friends marrying his longtime girlfriend at their northern california home. but the biggest surprise of all might be what he wore to the wedding. here's nbc's mike taibbi. >> reporter: mark zuckerberg didn't wear a hoodie, just a nice dark suit. the understated event at his palo alto home was still an unconventional surprise. the 100 or so invited guests thought they were going to a party celebrating chan's graduation from medical school. >> it's definitely outside the box. which seems actually pretty characteristic. that's good. that's silicon valley. >> reporter: in silicon valley and beyond, the reaction was monumental. word spread that zuckerberg's relationship status had changed just after 6:00 p.m. pacific time saturday. within three hours of posting this photo on his own facebook page, over 400,000 friends liked the news. congrats, zuck. big day, big week, one wrote. another simple comme
facebook founder mark zuckerberg, as one writer put it today, going from ipo to "i do." a day after his social networking empire went public, zuckerberg surprised even his closest friends marrying his longtime girlfriend at their northern california home. but the biggest surprise of all might be what he wore to the wedding. here's nbc's mike taibbi. >> reporter: mark zuckerberg didn't wear a hoodie, just a nice dark suit. the understated event at his palo alto home was still an...
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May 18, 2012
05/12
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mark zuckerberg isn't the only person getting rich on the ipo. in congratulated zuckerberg for his steadfast resolution. he did that on facebook. his worth is $4 billion but the taxes on that fortune have saverin in hot water with two top congressman. one joins us now, bob casey, a democrat from pennsylvania. you and chuck schumer say when saverin renounced his american citizenship and then moved to singapore, he skipped out on millions of dollars in taxes. as we have this information from bloomberg, the analysis, they're estimating saverin saved about $67 million in capital gains taxes. what do you say went wrong here and how are you trying to look to make sure this doesn't happen again? >> well, what we're trying to do here is to say very plainly that if someone leaves the country, that's what the word expateriate means to avoid substantial taxes, that's a determination the irs will make, that we can impose a tax of 30%, a capital gains tax on future investment earnings. in the future they'll have to pay taxes, whether it's mr. saverin or anybod
mark zuckerberg isn't the only person getting rich on the ipo. in congratulated zuckerberg for his steadfast resolution. he did that on facebook. his worth is $4 billion but the taxes on that fortune have saverin in hot water with two top congressman. one joins us now, bob casey, a democrat from pennsylvania. you and chuck schumer say when saverin renounced his american citizenship and then moved to singapore, he skipped out on millions of dollars in taxes. as we have this information from...
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May 20, 2012
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on mark zuckerberg's facebook page, he posted his announcement about the marriage. it had 700 times more likes than his announcement of the facebook ipo. if that's any indication how people are reacting to this news. >> all right. thanks a lot. >> polices in chicago say they discovered and stopped a terrorist plot connected to the nato summit planned for tomorrow. president obama and the first lady landed in chicago tonight several hours earlier, police arrested three men accuses of planning to attack the president's campaign headquarters as well as mayor rahm emanuel's home and other targets. they appeared in a federal courtroom today. defense lawyers for the suspects claim the charges are trumped up to frighten the protesters. >> this is an extremely sensationalized allegation and this is exactly what we anticipate from law enforcement and from various levels of government before national special security events. >> prosecutors say the men are self-described anarchists who boasted earlier about the damage they would do in chicago. >> firefighters battling a wareho
on mark zuckerberg's facebook page, he posted his announcement about the marriage. it had 700 times more likes than his announcement of the facebook ipo. if that's any indication how people are reacting to this news. >> all right. thanks a lot. >> polices in chicago say they discovered and stopped a terrorist plot connected to the nato summit planned for tomorrow. president obama and the first lady landed in chicago tonight several hours earlier, police arrested three men accuses of...
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May 24, 2012
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. >>> and mark zuckerberg, how's this for a time line? mega billionaire on friday, married on saturday, then sued by tuesday. inside the facebook fiasco. >>> plus, an idol life. tonight another big winner, but the post idol road is not always paved in gold. from cutting hair, to singing in karaoke bars. we track down some former american idols to find out where are they now. >>> good evening, i'm cynthia mcfadden. tonight we take you inside a boarding school that's a last resort for critically overweight teens whose lives may hang in the balance. in a country where nearly one in three kids is overweight or obese, they are not alone. and the road to health is a difficult one indeed. abc's juju chang was invited inside to meet three teens with the courage to make a change. >> let's go. >> jenna weighs 240 pounds, a morbidly obese teenage, she's already diabetic and even has trouble walking. >> i see it as fat. >> reporter: she says she was struggling and being taunted. >> being called a white whale, hippo pot mus and many other names. >> re
. >>> and mark zuckerberg, how's this for a time line? mega billionaire on friday, married on saturday, then sued by tuesday. inside the facebook fiasco. >>> plus, an idol life. tonight another big winner, but the post idol road is not always paved in gold. from cutting hair, to singing in karaoke bars. we track down some former american idols to find out where are they now. >>> good evening, i'm cynthia mcfadden. tonight we take you inside a boarding school that's a...
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yesterday, mark zuckerberg made facebook public. >> a lot of people talking about brilliant mark zuckerbergo.. she is the smartest woman around. seriously. is a lot going on in sports, a lot of underdogs. with us. one d.c. team is on fire right and it is not do you think. ♪ [ kari ] i used to serve my country in the u.s. army. ♪ then, i was hit by a drunk driver and lost my legs. but that didn't change a ththi. because i still serve my country, i just wear a different uniform. [ male announcer ] citi is joining kari miller to give back to the paparalymc military & veterans program. join the movement at citi.com/everystep and help citi help u.s. athletes make a difference. together, every step of the way. >> the toyota sports desk, brought to you by your local toyota dealers. moving you forward. >> horse racing has not been since 2008. is the last time a horse both the derby and preakness. years since a horse accomplished all three. take a looknother -- for yourself. >> he makes his move on the outside. a dramatic preakness. >> i love the announcers. another is four for four. in none of them
yesterday, mark zuckerberg made facebook public. >> a lot of people talking about brilliant mark zuckerbergo.. she is the smartest woman around. seriously. is a lot going on in sports, a lot of underdogs. with us. one d.c. team is on fire right and it is not do you think. ♪ [ kari ] i used to serve my country in the u.s. army. ♪ then, i was hit by a drunk driver and lost my legs. but that didn't change a ththi. because i still serve my country, i just wear a different uniform. [ male...
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May 21, 2012
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mark zuckerberg rang the opening bell for trading on friday.blems with order cancellations interfered with the initial public offering process and causing the delay. facebook and began trading at 8:32 a.m. pacific time at $38 per share and went as high as $45 but ended the day at $38.23, a gain of six tenths of 1%. one analyst says that facebook is attracted to large and small investors. >> certainly a lot of retailers also i think a lot of big institutional investors will look at it as a quartet holding >> after the problems of friday, nasdaq says they plan on making changes to the process and also the sec says they are investigating. we have to say it was a big weekend for facebook founder mark zuckerberg. on saturday he married his longtime girlfriend. a ceremony in the backyard of their home in palo alto. the guests thought they would be attending a graduation party for his wife but instead it was the wedding and of mark zuckerberg actually wore a suit, not a hooded sweatshirt. >> it is the no. 2 of the nato summit in chicago. today preside
mark zuckerberg rang the opening bell for trading on friday.blems with order cancellations interfered with the initial public offering process and causing the delay. facebook and began trading at 8:32 a.m. pacific time at $38 per share and went as high as $45 but ended the day at $38.23, a gain of six tenths of 1%. one analyst says that facebook is attracted to large and small investors. >> certainly a lot of retailers also i think a lot of big institutional investors will look at it as a...
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May 18, 2012
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number two to founder mark zuckerberg.ing it from less than 150 million users to more than 900 million today. >> if sheryl hadn't been there, i don't think facebook would go public today. if she came in and basically created the business. she had a month's worth of meetings trying to figure out what business facebook was even in. >> a harvard grad who worked as larry summers chief of staff, she landed next at google where she built the company's ad business. >> sheryl's main contribution was actually figuring out how to go from zero customers in a new channel to figure out how to get billions of dollars and a million customers and built that from scratch. >> reporter: she's so important to facebook the public filing documents say losing her could harm the company. i interviewed her the day that facebook became profitable. >> we're cash flow positive. >> as a feel that reached close to the top of the corporate ladder, she challenged young women to do the same during her 2011 commencement speech at barnard. >> you are a prom
number two to founder mark zuckerberg.ing it from less than 150 million users to more than 900 million today. >> if sheryl hadn't been there, i don't think facebook would go public today. if she came in and basically created the business. she had a month's worth of meetings trying to figure out what business facebook was even in. >> a harvard grad who worked as larry summers chief of staff, she landed next at google where she built the company's ad business. >> sheryl's main...
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May 19, 2012
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mark zuckerberg is about to get richer at the age of 28. his birthday this week. >> gosh, okay, i'm glad this isn't live. >> reporter: it was 2006, about two years after launching facebook from his harvard dorm, a nervous and camera-shy mark zuckerberg -- >> sorry, can i start that a different way? i'm so not on today. >> reporter: sits down for a cnn interview. >> can you just say your name and appropriation announce it is so nobody messes it up a and they have it on tape. >> sure, it's mark zuckerberg. >> reporter: how would you like to be roufd, your tight approximately. >> found aer and ceo. >> he was so unknown, our producers had to ask the most basic question ps. >> how did the company start? >> well, it didn't start as a company. afs sophomore at harvard. i've never really been asked how the company was started before. >> reporter: how did facebook start? >> now i'm all embarrassed. you would think i would have been asked that like a ton of times. >> reporter: speaking-wise he may have been rough around the edges but even then it was
mark zuckerberg is about to get richer at the age of 28. his birthday this week. >> gosh, okay, i'm glad this isn't live. >> reporter: it was 2006, about two years after launching facebook from his harvard dorm, a nervous and camera-shy mark zuckerberg -- >> sorry, can i start that a different way? i'm so not on today. >> reporter: sits down for a cnn interview. >> can you just say your name and appropriation announce it is so nobody messes it up a and they have it...
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May 20, 2012
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. >>> and facebook ceo mark zuckerberg has a new status, married his long time girlfriend in his backyard. we'll show you how he pulled off that big secret. this is today in the bay. >>> good morning. looking live in san francisco, we'll show you the picture in a bit where the elite runners kickoff just about now. and the regular folks that like to get crazy, they start in about a half hour. thanks so much for joining us. i'm kris sanchez with rob mayeda. folks won't have to run naked, because it is not going to be hot. >> that's right, we don't encourage that activity. >> we don't, people do. >> watching that video this morning carefully. in the 50s this morning, not too bad when you consider clear skies and little hint of a sea breeze. we'll see that change later this afternoon. we manage one more warm day if not hot day inland by the tri-valley. numbers by livermore and pleasanton, mid to upper 80s. 70s in the inner bay. san francisco on the coast, notice the trend. by 5:00, mostly cloudy skies. we're going to see a change in the forecast arriving late in the weekend, which will push m
. >>> and facebook ceo mark zuckerberg has a new status, married his long time girlfriend in his backyard. we'll show you how he pulled off that big secret. this is today in the bay. >>> good morning. looking live in san francisco, we'll show you the picture in a bit where the elite runners kickoff just about now. and the regular folks that like to get crazy, they start in about a half hour. thanks so much for joining us. i'm kris sanchez with rob mayeda. folks won't have to...
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May 27, 2012
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we know how much mark zuckerberg spent on the dress. >> $4,700.t is what investors really -- >> or more if they wait in cash in on the shares. there was a lg list of other people that re blamed. includinthe other banks in the deal -- j.p. morganhase. it caught my attentition when everyone was outlining the way jamie dimon was distracted from his $2 billion messp. he proudly displayed a suit he had custom made to look like a hoie justo kiss the ring of mark zuckerberg. >> this is part ofof the huge proboblem. the hype associated with this ipo undermined the i ipo itself. what is going to happen to the backlogf companies that are also looki for an ipo after having followed facebook's model? >> manyaving to repay stockholrs because it gotoo high. a marand resident --- >> exactly. it is like christmas in july y for the new york stock exchange. >> one o of the other things that caught our atttion this ek was friday's "walltreet journal. much of it preredicated on the proble that chinana has been the savior of economic groth and is now faltering. that m
we know how much mark zuckerberg spent on the dress. >> $4,700.t is what investors really -- >> or more if they wait in cash in on the shares. there was a lg list of other people that re blamed. includinthe other banks in the deal -- j.p. morganhase. it caught my attentition when everyone was outlining the way jamie dimon was distracted from his $2 billion messp. he proudly displayed a suit he had custom made to look like a hoie justo kiss the ring of mark zuckerberg. >> this...
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May 18, 2012
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the ceo mark zuckerberg inside. last night he answered questions from employees ahead of the ipo to give them a sense of what is going to take place. hack-a-thon is a way to develop new ideas. i want to bring in justin. give highway sense of why they are holding this hack-a-thon. what is the goal? >> i'm sure it's to keep people focused and calm and carry on. but let's be honest there is probably a party in there. >> reporter: what happens after they ring the opening bell remotely here? what does that scene look like? >> i'm sure there will be a lot of cheering, a lot of excitement. you have a substantial amount of people that will come into their own wealth. they can be anything but an amazing time. >> reporter: what happens to the stock? after the hoopla today where do you see it going? >> a lot of text docks after they go have a little peer. but we know they are seeing incredible results. the investments will pour in and over time the stock will do very, very well. >> reporter: priced at $38 a share. we'll see wh
the ceo mark zuckerberg inside. last night he answered questions from employees ahead of the ipo to give them a sense of what is going to take place. hack-a-thon is a way to develop new ideas. i want to bring in justin. give highway sense of why they are holding this hack-a-thon. what is the goal? >> i'm sure it's to keep people focused and calm and carry on. but let's be honest there is probably a party in there. >> reporter: what happens after they ring the opening bell remotely...
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May 20, 2012
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>>> a secret even to the guests of facebook ceo mark zuckerberg shocked everybody by getting married. mass of flames on broadway's auto row in oakland. what was found that surprise neighbors and. three men charged with making explosives to carry out terrorist attacks against president obama and other targets, or they claim they were making. it has been quite a week for mark zuckerberg yesterday the tycoon took his company public and today he changed his status to america. don knapp has more >>> kind of smart lucky and very rich and now married mark zuckerberg took a facebook public on friday he took an even bigger step marin longtime girlfriend priscilla jammed in a small ceremony at his home in palo alto. jan graduated from ucsf medical school >>> if you been with someone for nine years he knows what is getting into >>> it is interesting but not about the money i think money is not rare bring happiness >>> the mad at harvard she graduated on monday on zuckerberg 28th birthday 90 guests thought they're going to a graduation party for chant until they get their >>> a pope there be a pr
>>> a secret even to the guests of facebook ceo mark zuckerberg shocked everybody by getting married. mass of flames on broadway's auto row in oakland. what was found that surprise neighbors and. three men charged with making explosives to carry out terrorist attacks against president obama and other targets, or they claim they were making. it has been quite a week for mark zuckerberg yesterday the tycoon took his company public and today he changed his status to america. don knapp has...
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May 19, 2012
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and mark zuckerberg is a smart guy and he doesn't want to do that. i think that he's thinking larger. he's not just thinking about selling ads on every square inch of facebook. >> reporter: zuckerberg has promised that he will never sacrifice the user experience. he knows, though, that in order to please both his users and all the new investors, he's going to have to keep on innovating. such are the massive pressures facing a newly minted 28-year-old multibillionaire. >> okay, dan, thank you. and as you well know, facebook employees began the day with a kind of tradition. they had been up all night, a hack-a-thon. it's a kind of all-nighter for creative computer geeks. if you look closely, you are now looking at the faces of newly minted millionaires and billionaires. on average, each facebook employee is now worth nearly $3 million, at the start of trading today. but since that special and sometimes quirky breed, we asked abc's sharyn alfonsi to tell us more on how they might spend it. >> reporter: david painted murals at facebook. he turned down $60
and mark zuckerberg is a smart guy and he doesn't want to do that. i think that he's thinking larger. he's not just thinking about selling ads on every square inch of facebook. >> reporter: zuckerberg has promised that he will never sacrifice the user experience. he knows, though, that in order to please both his users and all the new investors, he's going to have to keep on innovating. such are the massive pressures facing a newly minted 28-year-old multibillionaire. >> okay, dan,...